PPA should be wrapped up and signed in the next couple of weeks or so and not much longer than this in my honest opinion. I'm pretty sure the CEO Jose Quiros and Chairman of STLK who is CEO's father (who incidentally was on the PPA buyer (CNFL) board of directors) will remain in Costa Rica until the PPA is signed.
Chairman, Ing.. Pedro P. Quiros
Ing. Quiros has extensive international experience and has most recently served as the Chairman for Versant Corporation. Ing. Quiros served as the CEO and Chairman for Grupo ICE, from 2006-2010. Grupo ICE is Costa Rica’s predominant State Owned Enterprise that handles not only electrical generation and distribution (most of the 2,500 MWs) but telecommunications as well. Grupo ICE has over 20,000 employees and $1 billion in annual revenues. While at Grupo ICE, he also served on the Board of Directors for Compañia Nacional de Fuerza y Luz (CNFL), SIEPAC and many others. He brings extensive knowledge of Costa Rica, as well as, more than fifty-years of global executive experience with companies like General Electric, ITT, Harris Corporation, GTECH and Ascom Timeplex.
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